G20 Joint Statement May Fail Over Trade Differences
U.S. Treasury officials warn that a joint G20 communique may not be possible due to lingering disagreements over global imbalances and sovereign debt language. Differences persist between surplus and deficit nations regarding economic growth pressures.
United States officials said Tuesday a joint G20 communiqué on global imbalances may fail over wording disputes. The impasse highlights deep divisions over international trade deficits and fiscal policies. Failure to reach consensus could trigger financial instability as global economic dependencies grow.
